5122 Cahuenga BLVD

TOLUCA LAKE, CA, 91601

$2,895,000

$468 per ft²
$2,895,000
$468 per ft²
Active
Active
 - For Sale
beds
12 Beds
baths
12 Baths
carpenters-square
6,179 ft²
property_type
Multi-family
calendar
Built 2018
5122 Cahuenga is a gorgeous and ENORMOUS 2018 fourplex in upscale Toluca Lake. This is one of a very small handful of new constructions located in the confines of actual Toluca Lake . This celebritystudded area has very minimal apartment inventory and as a result, very high demand. Situated walking distance from the many neighborhood destinations in Toluca Lake, North Hollywood and Burbank, this property has consistently drawn high quality tenants since its inception. The current occupants are extremely friendly, prompt in rent payment, and keep their units in prime condition. In addition to having an unbeatable location, 5122 Cahuenga offers countless other perks, including no rent control, a 4.52% current cap rate with significant upside (conservative pro forma cap rate of 4.80%), unbeatable floorplans, all appliances included (including washers/dryers), sleek finishes, separate meters for gas, water & electric, and extreme desirability amongst renters. This sleek, easy to manage fourplex is made up of one 3-story duplex containing two 3 bedroom/2.5 bathroom townhomes that come with private 2-car garages (a major bonus for renters) and one 2-story duplex containing two 3 bedroom/2.5 bathroom townhomes that each come with 2 partially covered spots accessed from a convenient back alley. With SB-8 in effect, less fourplexes are being built, making properties like this an even more rare and hot commodity. Between the dream Toluca Lake location and the amazing floorplans, this is the new construction you ve been waiting for!
MLS® ID:
BB22205910MR
Listed:
9/20/22
Updated:
10/3/22

Interior Features

Kitchen Appliances
Microwave, Oven-Gas, Range
Total Bedrooms
12
Total Bathrooms
12
Laundry Description
Dryer, Dryer Included, In Kitchen, Washer, Washer Hookup, Washer Included
Fireplace
None
Cooling
Central
Heating
Central

Exterior/Building Features

Lot Size
5,851 ft² lot
Architectural Style
Modern
Roof
Flat
Sewer
Public Sewer

Other Property Details

Taxes
$34022
Tax Frequency
per YEAR
Garage
Yes
Garage Spaces
4
Parking
Assigned
Parking Total
8.0
View
Y
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Total Stories
3
Zoning
LARD1.5

 

Courtesy of Elizabeth Maddox, The 2-4 Unit Specialists

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Vanessa Quinn shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/3/22

Contact